Tata Group signed an settlement with the Gujarat state authorities to arrange a giga-factory for manufacturing lithium-ion cells, with an estimated preliminary funding of round 130 billion rupees ($1.6 billion).
A giga-factory of this type might be operational in Gujarat for the manufacturing of the first-ever lithium-ion cells in India. This plant could have an estimated preliminary funding of round Rs.13,000 crore and could have a manufacturing capability of 20 GWh. It should generate direct and oblique employment for greater than 13,000 folks. The state authorities is dedicated to rising carbon-free, energy-efficient, and clear vitality manufacturing by boosting the manufacturing of electrical automobiles and decreasing carbon emissions.
An MoU has been concluded between the Authorities of Gujarat and the Tata Group in Gandhinagar. This MOU is an consequence of the newly formulated Electronics Coverage.
The CEO of Tata Group’s subsidiary firm, Tata Agaratas Power Storage Options Non-public Restricted, and the Secretary of Science and Know-how of the Authorities of Gujarat, Mr. Vijay Nehra signed and exchanged the Memorandum of Understanding (MoU) within the presence of the Chief Minister.
“Gujarat’s exceptional progress in attaining Prime Minister Narendra Modi’s imaginative and prescient of internet zero carbon emissions features a dedication to one hundred pc electrical automobile adoption and a major discount of fifty % in carbon emissions by 2030,” in accordance with a state authorities doc posted on its web site.
On this context, the utilization of EVs will improve the dependence on lithium-ion batteries. With the institution of Tata Group’s plant, Gujarat will develop into a number one state in lithium-ion cell manufacturing and also will obtain help in establishing a battery manufacturing eco-system within the state.
Chief Principal Secretary to the CM Shri Okay. Kailashnathan, Chief Secretary Shri Raj Kumar, Further Chief Secretary Shri Pankaj Joshi, and senior officers from the Tata Group have been current in the course of the MoU signing.
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Up to date: 04 Jun 2023, 03:33 PM IST
Supply: Live Mint